The President of Dubai Government’s rapidly expanding Emirates Airlline, Tim Clark told Bloomberg that more carriers will go bankrupt due to high fuel costs and a global economic slowdown. That does then beg the question of why his airline is growing its capacity so fast into an industry slump.
‘We can reel off a whole load of airlines that are teetering on the brink or are really gone,’ he said. ‘Roll this forward to Christmas, another eight or nine months, and we’re going to see this industry in serious trouble’.
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